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Banks has no plan of quitting the Kingdom
12 : 55 PM - 13/04/2011

Manama, April 13 (BNA) -- Bahrain's standing as a top financial hub has been given the seal of approval by global and national banking chiefs. Representatives of major banks, who met at the Gulf Hotel yesterday, said they had no plans of quitting the country since Bahrain was where they belonged and where they would do business.

"No-one is leaving. They are all here to stay and this is where they do their business," said Economic Development Board (EDB) business development and financial services director Boyd Winton, this was published at Bahrain daily " the Gulf Daily News".

Responding to rumours that several banks and financial institutions were thinking of leaving Bahrain in the wake of the unrest, he said these were untrue.

"Just four have decided to leave and that too is unrelated to the present situation," he said while addressing the media after the meeting, organised by the Bahrain Association of Banks (BAB).


BNA 0709 GMT 2011/04/13

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